Loeffler to Face ‘Minefield’ of Potential Ethical Issues in Senate
Republican Kelly Loeffler’s immense wealth and top financial industry private-sector position helped entice Gov. Brian Kemp to appoint her to an open U.S. Senate seat, but they also pose challenges for the political newcomer. Loeffler is under scrutiny over how she handles a vast fortune she’s accrued at Intercontinental Exchange, the Atlanta-based trading platform where Loeffler has long served as a senior official and her husband, Jeff Sprecher, is the chief executive. Ethics experts called on Loeffler to build goodwill by taking aggressive steps. Delaney Marsco, ethics counsel for the nonpartisan Campaign Legal Center, said placing her assets in a blind trusts was a “good method to assuage concerns about conflicts of interest related to her personal holdings.”
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